Title
RESOLUTION NO. 20-26. ADOPTING A FINAL MILLAGE RATE FOR THE CITY'S PROPOSED BUDGET FOR FISCAL YEAR 2020-2021
SECOND READING AND SECOND PUBLIC HEARING
(Speaker - Dan Katsiyiannis, Management and Budget Administrator)
Body
NOTE: The City is required under F.S. 200.065 to adopt a final millage rate for the City's proposed budget for fiscal year 2020-2021. The proposed rate of 5.4900 represents an increase of 5.93% over the roll-back rate of 5.1829. The roll-back rate is the calculated rate that would have provided the City with the same amount of ad valorem tax revenue as the previous year.
Recommendation
ACTION: (Adopt - Deny) Resolution No. 20-26. Second reading and second public hearing.